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DHT trims conversion price on 4.5% convertibles due 2019
By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – DHT Holdings, Inc. adjusted the conversion price for its 4.5% convertible senior notes due 2019, according to a news release.
Effective as of May 20, the conversion price for both series of notes is $6.0216 per share, lowered from $6.0442 per share.
The adjustment was made in connection with a previously announced cash dividend of $0.02 per share paid on Aug. 29 to holders of record as of the close of business on Aug. 22.
The new conversion rate is 166.0685 shares of common stock per $1,000 principal amount of notes.
DHT Holdings is a Hamilton, Bermuda, operator of crude oil tankers.
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